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Technology Stocks : JDS Uniphase (JDSU) -- Ignore unavailable to you. Want to Upgrade?

To: KMcKlendin who wrote (20507)	6/18/2001 7:34:42 PM
From: OWN STOCK	Read Replies (1) \| Respond to of 24042

KMcKlendin: Amortization of GW is probably your biggest concern. This can mean they paid too much for what they bought or traded stock for. The amortization of GW is funny money, but does cut the tax burden, just like depreciation. OTOH, it does mean they "gave away" their stock or cash for some premium over the other guys stock...aka dilution or wasted cash. Far from ignoring the problem, in one of their latest filings, they indicate their GW is in excess of their Marcap...and that was before this last panic round...so it is WAY above at this point. I believe they are going to reduce the GW and its amortization to some reasonable level, but not zero. I suspect it will be "adjusted" based on "comparables"...maybe a "one time charge" but I doubt it...stay tuned. JDSU is indeed poised to be the dominant player in the fiber optics field, and your comments re panic selling are apt. Going through down cycles and scraping bottom hard (but living to tell) is a necessary part of becoming the Gorilla; just ask Andy Grove. INTC went through a number of "cycles" before they emerged as the big Gorilla. Every Gorilla did...in fact, I believe that is a better definition of Gorilla than size or positioning: The Gorilla takes a lickin' but keeps on tickin'! Buy low, sell high. IMO, this stock is close to its bottom, but in the spirit of full disclosure, I was saying that at $15 too... -Own

To: KMcKlendin who wrote (20507)	6/18/2001 10:36:44 PM
From: Dexter Lives On	Respond to of 24042

Wait until it stops bouncing and consolidates and bases in the $7-8 range. Come fall, when the bear market has run its course, it should provide a good opportunity for a long term buy and hold, once they've cleaned up that Balance Sheet. Don't try to be a hero when so many have failed before you. As long as this company has that POS Nortel chained to its neck, it's not going anywhere. Best thing for JDS would be if a solid company with good management takes out Nortel. Here's hoping. BTW Did JDS ever go after Nortel for their questionable non-disclosure in the Zurich plant deal?! Man, did JDS get reamed in that deal. That billion dollars would now represent a significant part of the company's market cap. Then again, $1B Nortel stock at $50(?) is not worth quite as much at this juncture; still a nice chunk o' change though.